Word: oilman
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Davis still tells friends that Goldwyn never got his name straight, referring to him as "Marvin." That slight dogs the Paramount chief to this ( day: he is often confused with Marvin Davis, the Denver oilman who is making a bid for Northwest Airlines. As the struggle for control of Time Inc. heats up, Martin Davis' relative obscurity is likely...
...agreement to buy Eastern's shuttle operations was put in jeopardy again last week when Phoenix-based America West Airlines offered to pay some $25 million more for the shuttle, plus $335 million for ten additional Eastern aircraft. Northwest, meanwhile, is trying to fight off a takeover by Denver oilman Marvin Davis, who has bid $2.6 billion for the airline...
...offer faces choppy weather. Davis, a billionaire oilman, acknowledges that the buyout hinges on whether he can raise enough cash. While he claims that he can, several of his highly publicized takeover attempts have fallen through. Among them: his $3.8 billion bid for CBS in 1986. Some airline-industry experts argue, moreover, that NWA is worth about $3 billion, or at least $100 per share. Analysts estimated that the company's Pacific routes and real estate holdings, including $500 million worth of property in Japan, have a value of $2 billion by themselves. Beyond that, Northwest owns more than...
...Peter Ueberroth's rescue plan must clear some tall obstacles. -- Northwest flies into the combat zone as oilman Marvin Davis pushes an unwelcome...
...really living with a false sense of security," warns George Mitchell, an independent Houston oilman. "We're heading for deep trouble." What provokes Mitchell's dire prediction is the shriveled condition of the U.S. oil-drilling industry, which he believes has made the country seriously vulnerable to a future energy emergency. "We're losing ground faster than we might have predicted even a few months ago," he says. Adds John Watson, another Houston oilman: "All the people have left, rigs have been dismantled, the financial industry has turned its back on oil and gas. It would take...